The move in futures comes after a bumpy week for stocks that saw the major averages grind out modest gains. The S&P 500 added 0.22% for the week, while the Nasdaq Composite inched up 0.10% and the Dow added 0.09%.
However, Lerner did caution that the looming U.S. presidential election and the potential for so-called"October surprise" could keep market volatility elevated in the coming weeks.On the economic front, key releases in the week ahead include the Federal Reserve meeting minutes on Wednesday and the consumer price index report on Thursday.
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